Looking to balance out your exposure to OPAD? The ETFs below have the lowest correlation with OPAD — they tend to move on their own, which can help reduce risk when OPAD drops. The stock ideas table highlights individual companies that behave independently from OPAD.
No Diversifiers Found for OPAD
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OPAD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OPAD and solid risk/return profiles. The least correlated is MBX Biosciences, Inc (MBX) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MBX Biosciences, Inc | 0.07 | 0.11 | 0.11 | 79 | Healthcare | |
| Capricor Therapeutics, Inc. | 0.09 | 0.11 | 0.16 | 79 | Healthcare | |
| uniQure N.V. | 0.14 | 0.17 | 0.22 | 71 | Healthcare | |
| Scholar Rock Holding Corporation | 0.17 | 0.19 | 0.19 | 64 | Healthcare | |
| Keel Infrastructure Corporation | 0.27 | 0.26 | 0.30 | 94 | Financial Services |
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